Dear traders,
Market continues to dump and closing trades and profit margins by the end of year. Prepare for both direction volatility this week.
LETS finish this year in BIG PROFIT!!!
Jake
TOP Trader
BTC:
BTC chose it way in 1D and 4H time frame charts. Breaking 16.800$ and touching 16.450$ as new support and target to break. Copy trade TrendRiderV2 in week make 10% of total wallet profit.
ETH:
ETH test drop and turn back to bear flag. Every small pump need to be shorted. For small SHORTS and copy trade take StormRider it makes +10% in week.
XRP:
Triangle pattern make move to up and targe price of 0.375$ and come back to the start of triangle pattern with no clear direction. XRP try to break up but market is in bad dump so still loking for new lows. Target is still 0.315$ for SHORTs.
LINK:
LINK hit target for dump now small bounce up is possible and we got weak signal on 1D. If market get some relief today LINK could bounce to consolidation zone. Looking for LONG enter at support with tight stop loss at 5.5$.
TWT:
TWT hit my long target and get small bounce. This is good long with risk 4:1 could pay off in nice profit.
Crypto/stock daily news:
PREDICTIONS FOR 2023
Unfortunately, most of us suck with predictions. Hell, the weatherperson lies to me every day about what the weather’s gonna be like this week.
But that doesn’t stop us from trying. Here are some of the most interesting predictions we’ve seen so far:
1/ It’ll be another year without crypto legislation
Crypto is full of criminals exploiting normal people everyday – rug pulls, stealing customer funds, and misleading investors.
What has the U.S. government done? Nothing. Zip. Nada.
No legal framework or clear legislation for crypto companies to follow.
No one in Congress can agree on any laws. It’s like asking kids what they want for dinner – one minute they want chicken nuggets, the next minute they want ice cream instead.
And the SEC seems to be more focused on keeping up with the Kardashians and fining other celebrities than charging the actual criminals.
2/ ETH unlock gets pushed back
The Merge required Ethereum validators to stake their ETH to secure the network.
The validators receive a 5% yield for their service.
But, there’s a catch. Validators can’t unstake their ETH until the next network update. Which was supposed to be 6 months after the Merge. But now…
The Merge took years longer than expected and so will the next update.
3/ ETH and BTC will lose another 50%
ETH is down 75% from its 2021 high, and so is BTC.
It can’t get much worse…. right?
RIGHT?!
Well, Bitcoin dropped 85% in 2017 and Ethereum dropped 93% in 2018.
We’re predicting history repeats itself and more pain is on the way.
4/ The first mainstream Web3 application will be a Web3 video game
DappRadar is a tool that tracks onchain activity such as DeFi, NFTs, and Gaming.
In its “Top Blockchain Dapp” rankings (the Dapps are ranked by smart contract activity,) the top 2 dapps are Web3 games.
In 2021, investors poured $4b into Web3 gaming.
In 2022, over $7b has been invested in Web3 games.
Plus, more and more big names are entering the space – Epic Games, and the creators of PubG and Grand Theft Auto.
There’s more talent, more money, and more traction than ever in Web3 games.
So it’ll have its time in the sun in 2023.
You heard it here first!
Final words:
We are now in full bear capitulation mode on STOCK market and crypto is following and small relief is possible but new lows are like magnet.
WE ARE STILL IN BEAR MARKET don’t be fouled by small scam pumps stay at your TA and don’t trade by feelings!!!
Not Financial Advice!
Author
Jake
TOP Trader
